SOLD In Arkona ~ Vacant Residential Lot

November Marks Another Record Month for Home Sales

The London and St. Thomas Association of REALTORS® (LSTAR) announced 854 homes exchanged hands in November, achieving another monthly record for residential sales. Sales were up more than 33% compared to the same time a year ago, marking the best results ever for November, since the Association began tracking data in 1978.

"This is the third consecutive month of record sales, demonstrating how robust the housing marketplace is right now," said LSTAR 2020 President Blair Campbell. "We continue to see increases in average sales price across the region in a market with historically low supply."

Inventory is an important measure of the balance between sales and the supply of listings, illustrating how long it would take to liquidate existing inventories at the current rate of sales activity.

"At the end of November, there were 0.7 months of inventory across the entire LSTAR jurisdiction, which is the lowest level in the past 10 years," Campbell said. "Out of the five main areas, St. Thomas had the lowest level at 0.5 months of inventory, while London was at 0.6."

Another important measure is the sales-to-new listings ratio. It was 108.4% for LSTAR, which the Canadian Real Estate Association (CREA) says represents conditions in the marketplace that favour sellers (a ratio between 40% and 60% is generally consistent with a balanced market). LSTAR's five areas all recorded sales-to-new listings ratios over 100%, with the highest seen in Elgin County at 121.4% and St. Thomas at 113.8%.

The following table shows last month's average home prices by area and how they compare to the values recorded at the end of November 2019.

Area	November 2020 Average Sale Price	Change over November 2019
Elgin County	$491,987	↑ 13.6%
London	$541,377	↑ 29.9%
Middlesex County	$604,212	↑ 24.8%
St. Thomas	$426,906	↑ 28.4%
Strathroy	$591,473	↑ 29.2%
LSTAR	$536,178	↑ 28.8%

SOLD ~ Vacant Lot In St.Joseph's

SOLD In Bluewater ~ St.Joseph's Vacant Lot

December Newsletter ~ The PEDLAR Team Update

 

Its A Winter Wonderland To Start December!   Hope everyone is staying warm at home today as the snow continues to come down in Grand Bend and area. If your out on the roads make sure to take it easy and leave some extra time for the drive. Crazy to think we are already in December and even though we spent a couple months in lockdown that some how the year still flys by before we know it. This holiday season is certainly going to be a strange one compared to what we are use to. Thankfully for technology our friends and family are only a call away and make sure to call everyone on the list as this year has been a difficult and stressful time for everyone. CUTENESS OVERLOAD ALERT ... Throwback to last Christmas when Chloe was helping Robyn decorate for the holidays! RE/MAX 2021 National Housing Outlook   RE/MAX Canada is anticipating healthy housing price growth in 2021, with move-up and move-over buyers continuing to drive activity in many regions across the Canadian housing market. An ongoing housing supply shortage is likely to continue, presenting challenges for homebuyers and putting upward pressure on prices. Due to these factors, the 2021 RE/MAX Housing Market Outlook Report estimates a four to six per cent increase in the average residential sales price nation-wide. Click the link to read the full article: https://blog.remax.ca/canadian-housing-market-outlook/ Canada Ranked #1 'Most Desirable' Places To Live   The Great White North is the most desirable place to live on the planet, according to new Google search data. Canada is officially the most desirable place to live on Earth, as the new data has revealed where people from around the world want to relocate to the most. Financial services provider Remitly conducted the research using Google search data to discover where each country wants to move to the most. Canada is the number one location people are looking to relocate to, having topped the wish-lists of 30 other countries. Click the link to read the full article: https://www.vancouverisawesome.com/vancouver-news/canada-ranked-1-most-desirable-place-to-live-in-the-world-2907762?fbclid=IwAR2obCAEJscPb6P5KqKnSmk6M0Gy21MEdK5hVeNi3_cqOMXlBPwiDAAWEto RE/MAX & Children's Miracle Network Another way we like to give back to our community is by donating to the local Children's Miracle Network. With every sale or purchase of a home we donate a portion to the CMN.  For some, making it out the door on time is nothing short of a miracle. For others, miracles are life-changing events that alter your life the moment they happen. At RE/MAX, our agents make miracles happen every day, through the sale of every home. When you spot the iconic red, white, and blue sign standing proudly on the front lawn of a home that is for sale, you may also notice a special addition that advertises it as a Miracle Home. Sure, small miracles happen at home every day, but what makes this home so special? That sign rider that stands tall above the sign lets you know that the RE/MAX Agent is not just any agent, they are a Miracle Agent who generously donates a portion of the sale of each home to the Children’s Miracle Network member hospital in their community. RE/MAX is proud to celebrate its support of the Children’s Miracle Network for more than 25 years! In Canada alone, our dedicated agents, whose deep commitment to community involvement, help raise millions of dollars each year through various initiatives. Now that is something to celebrate!   Watch Out For Ausable-Port Franks Optimist Club SANTA HOLIDAY TOUR   This event is happening in the afternoon of December 6th. We are doing a drive-by tour with Santa while handing out goodie bags for the kids and accepting non-perishable food donations. We are starting at 12:30pm in Thedford, 2-3pm in Walden North and South, 3-4pm Port Franks, and then on display from 4-5pm at the Ausable-Port Franks Optimist Club Community Centre. Please click the link below to see the routes and find out all the information. Click the link for event information: https://www.ausableportfranksoptimist.club/upcoming-events.html Ausable-Port Franks Optimist Club website: https://www.ausableportfranksoptimist.club/ Townsend Meadows Development In Forest Phase 3 Is Moving Forward For 2021 With Phase 2 SOLD OUT Welcome to Forest’s newest adult lifestyle development. Townsend Meadows is the ideal destination for seniors who are looking for an exclusive retirement development in a caring community of like-minded neighbours. Enjoy all the conveniences of your family home without any of the maintenance and security concerns. Townsend Meadows has come about through the initiative of a number of community members who wanted to create an accessible seniors development and provide a housing alternative that would help keep retirees in Forest. Townsend Meadows offers an opportunity for private independent living in the social and supportive atmosphere of small town living. There is are three floor plan sizes to choose from. You can enjoy a lifestyle free from the day-to-day worries of maintenance and security. We cut the grass and shovel the snow and you have the freedom to lock the door and go and spend time on things that are important to you. Click the link: https://www.townsendmeadows.com/ Or find us on facebook by clicking this link: https://www.facebook.com/Townsend-Meadows-Seniors-Housing-296597098583/ Lambton County & Huron County Business Map   A new initiative started by the Lambton County & Huron County Economic Development groups was uploaded recently. They each created a virtual mapping website to show all the businesses and store fronts across the counties. These were created as an idea during COVID and will become a great tool for locals and tourists alike after COVID. Any business can be posted in the respective area if you go to the proper link below for each county.  Lambton County: http://www.shoplambton.ca Huron County: https://huron.maps.arcgis.com/apps/webappviewer/index.html?id=dc52efb9fee04e748431bb74c8335c9f Shoreline ToGo   Order food for takeout or delivery from the restaurants you love in Arkona, Bayfield, Blyth, Exeter, Forest, Grand Bend, Hensall, Kettle & Stony Point, Ipperwash, Northville, Parkhill, Port Franks, Thedford and Zurich! Many of our restaurants are OPEN and LOOKING for your business. This is a great way to see what is open in our area. Support local during these times so we can enjoy them to their fullest when COVID restrictions are eased. Click the link to view full report: http://shorelinetogo.ca/?fbclid=IwAR3pjTjkAPR95yCpMqhcNvrEzHPkMrneLdpBrT-_UO2WCcd5kp73Zpwe7S8   New To Lambton Shores? The municipality of Lambton Shores is starting a new initiative of making municipality information easier to find out. Check the link out and see what things you didn't know about this awesome municipality.  Click the link: https://www.lambtonshores.ca/en/living-here/new-to-lambton-shores.aspx?platform=hootsuite   Social Media   Have a great day everyone and don't forget to check out our social media sites like youtube, facebook, twitter and our website to stay up to date on all the latest listings. You can find the links to these various social media outlets above our information below. See the benefits of using a high quality drone and camera for videos and pictures to add content to each listing. GIVE US A LIKE ON OUR FACEBOOK PAGE BY CLICKING THE ICON BELOW!

Kettle Point Lakefront Nicely Updated Incredible Views Leased Land 2 Bdrms   1 Bath $245,000 Southcott Pines Lakefront 70' Of Lake Frontage Updated Interior/Exterior Two Lakeside Decks 4 Beds 2 Bath $1,899,000 SOLD Nicholson Builders 1,723 Sq Ft Main Floor Double Attached Garage 4 Beds 3 Bath Listed At $719,000

If you or any of your friends and family are looking to buy or sell make sure to call us first! Referrals are the greatest compliment Check our website out by clicking the link below http://www.grandbendrealestate.com  Doug Pedlar      Mark Pedlar     Garrett Pedlar      Broker of Record                         Broker                        Sales Representative   519-902-4099    519-670-0746     519-872-0910  remaxdoug@hay.net           remaxmark@hay.net          remaxgarrett@hay.net

SOLD ~ Vacant Land Parcel In Zurich

SOLD In Port Franks ~ Newer Spacious Home With Lakeviews

SOLD In Oak Forest Estates ~ Built By Nicholson Builders Inc.

SOLD In Parkhill

SOLD In Grand Bend ~ Southcott Pines

SOLD In Arkona ~ Bungalow

LSTAR's Streak of Record Home Sales Continues in October

Last month, the local real estate market continued its streak of record sales and prices. 917 homes were sold in October in the London and St. Thomas Association of REALTORS®' jurisdiction, while the overall average price for LSTAR climbed to $526,848.

"The 917 residential transactions that took place in our jurisdiction represent the highest number of sales for the month of October since 1978, when the Association started tracking data," said LSTAR 2020 President Blair Campbell. "Out of these transactions, 690 happened within the City of London, which had its best October for home sales, as well," he added.

"The combination between the historically low interest rates and the 'working-from-home' trend has generated an extraordinary demand in a housing market with a very limited supply, which pushed the average home prices to record highs across the region," Campbell stated.

The following table shows last month's average home prices by area and how they compare to the values recorded at the end of October 2019.

Area	October 2020 Average Sale Price	Change over October 2019
Elgin County	$457,625	↑ 13.7%
London	$530,006	↑ 28.5%
Middlesex County	$728,590	↑ 56.2%
St. Thomas	$438,276	↑ 27.5%
Strathroy	$531,498	↑ 8.2%
LSTAR	$526,848	↑ 27.5%

"Comparing these figures with last month's numbers, one will notice a big jump in the average price for Middlesex County between September and October 2020. The difference is largely explained by a handful of high-end sales in October. This example demonstrates perfectly why average prices are not the most reliable indicators of price trends. And this is exactly why LSTAR has decided to adopt and include The Canadian Real Estate Association's Home Price Index and benchmark price in its reports," Campbell says.

In October 2020, the Aggregate Composite Benchmark price for the entire London-St. Thomas area was $463,300, up 2.2% over the previous month and 112.2% from five years ago.

November Newsletter ~ The PEDLAR Team Update

 

November Is Upon Us   Hope everyone made it safely through this past weekend with the wild weather we were exposed to. We saw our first glimpse of snow and a new meaning for gales of November. It was reported that we had a ten foot surge in the Lake which wrecked havoc along the coastline. We attached a link to the london news articles that have some photos and video of the damage along the coastline. The market remains very active with limited inventory of listings and a surplus of buyers. Give us a call today for a discussion on the price of your home in the area! We hope everyone has a great day and thank you for taking the time to read our monthly newsletter. Please find below a London Free Press link and London CTV News for storm coverage from past weekend:  https://lfpress.com/news/local-news/photos-gales-of-november-come-slashing-into-grand-bend https://london.ctvnews.ca/storm-surge-causes-flooding-damage-in-grand-bend-1.5170610 Ausable-Port Franks Optimist Club Connecting & Learning Remotely   Something cool in the volunteer world of trying to reach out to our community! The Ausable-Port Franks Optimist Club has revamped their website and added an awesome part to the website which allows for our virtual learners to connect and learn remotely. Parents can use this wonderful list of resources in many different ways. All the links are verified educational links and are separated by grade so your not wasting your time figuring out a good option for your child. You have to go take a look and see what it is all about. It has great purpose for those parents with kids themselves to keep them occupied at night or day for some fun e-learning. Also has great potential for the grandparents to enjoy with their grandkids. Please pass the website along as it is FREE for everyone and all ONLINE.  Click this link to go straight to the 'Connecting & Learning Remotely' page on the Ausable-Port Franks Optimist Club website: https://www.ausableportfranksoptimist.club/connecting-and-learning-remotely.html Or click this link to go to the Ausable-Port Franks Optimist Club home page where you can stay up to date on all the action going on with the club: https://www.ausableportfranksoptimist.club/ Bus Routes Connecting Grand Bend & Area To London & Sarnia   Very exciting for the area to have a way for our population that doesn't drive to be able to easily go places for cheap & to attract our younger summer workforce. This article was published September 22, 2020 by The Sarnia Observer. Lambton Shores is just a few steps away from launching a bus route that would connect Grand Bend to London and Sarnia. The Huron Shores Area Transit project is in its final stages, now seeking signatures of support from area residents to complete a licensing process. If approved, the buses would start running in late October. The Sarnia to Grand Bend route would include stops in Forest, Kettle Point and Port Franks. The line from Grand Bend to London would have stops in Dashwood, Exeter and Lucan. Additional routes would connect to Bayfield and to Parkhill and Ailsa Craig. Exact bus stop locations are still being finalized. “It is quite a huge space and area to work with,” said Marina Cajic, transit co-ordinator with the Municipality of Lambton Shores. “We’re just figuring out how to best do it.” The municipality has signed on with Voyago, a common bus service provider in many of the region’s rural areas. Read the full article from The Sarnia Observer by clicking the link: https://www.theobserver.ca/news/local-news/lambton-shores-revs-engine-for-bus-routes-out-of-grand-bend/wcm/562e69e0-a221-4ef1-b010-b93e94b8232d?fbclid=IwAR04GzHUM28JjLZmI6o1aww-tHtk7sKVE-e5PFVMlwFCbxKQ79zLQ6_NR3c Townsend Meadows Development In Forest Phase 3 Is Moving Forward For 2021 With Only 1 Unit Remaining In Phase 2 Welcome to Forest’s newest adult lifestyle development. Townsend Meadows is the ideal destination for seniors who are looking for an exclusive retirement development in a caring community of like-minded neighbours. Enjoy all the conveniences of your family home without any of the maintenance and security concerns. Townsend Meadows has come about through the initiative of a number of community members who wanted to create an accessible seniors development and provide a housing alternative that would help keep retirees in Forest. Townsend Meadows offers an opportunity for private independent living in the social and supportive atmosphere of small town living. There is are three floor plan sizes to choose from. You can enjoy a lifestyle free from the day-to-day worries of maintenance and security. We cut the grass and shovel the snow and you have the freedom to lock the door and go and spend time on things that are important to you. Click the link: https://www.townsendmeadows.com/ Or find us on facebook by clicking this link: https://www.facebook.com/Townsend-Meadows-Seniors-Housing-296597098583/ Lambton County & Huron County Business Map   A new initiative started by the Lambton County & Huron County Economic Development groups was uploaded recently. They each created a virtual mapping website to show all the businesses and store fronts across the counties. These were created as an idea during COVID and will become a great tool for locals and tourists alike after COVID. Any business can be posted in the respective area if you go to the proper link below for each county.  Lambton County: http://www.shoplambton.ca Huron County: https://huron.maps.arcgis.com/apps/webappviewer/index.html?id=dc52efb9fee04e748431bb74c8335c9f Shoreline ToGo   Order food for takeout or delivery from the restaurants you love in Arkona, Bayfield, Blyth, Exeter, Forest, Grand Bend, Hensall, Kettle & Stony Point, Ipperwash, Northville, Parkhill, Port Franks, Thedford and Zurich! Many of our restaurants are OPEN and LOOKING for your business. This is a great way to see what is open in our area. Support local during these times so we can enjoy them to their fullest when COVID restrictions are eased. Click the link to view full report: http://shorelinetogo.ca/?fbclid=IwAR3pjTjkAPR95yCpMqhcNvrEzHPkMrneLdpBrT-_UO2WCcd5kp73Zpwe7S8   New To Lambton Shores? The municipality of Lambton Shores is starting a new initiative of making municipality information easier to find out. Check the link out and see what things you didn't know about this awesome municipality.  Click the link: https://www.lambtonshores.ca/en/living-here/new-to-lambton-shores.aspx?platform=hootsuite   Social Media   Have a great day everyone and don't forget to check out our social media sites like youtube, facebook, twitter and our website to stay up to date on all the latest listings. You can find the links to these various social media outlets above our information below. See the benefits of using a high quality drone and camera for videos and pictures to add content to each listing. GIVE US A LIKE ON OUR FACEBOOK PAGE BY CLICKING THE ICON BELOW!

Kettle Point Lakefront Nicely Updated Incredible Views Leased Land 2 Bdrms   1 Bath $245,000 Southcott Pines Lakefront 70' Of Lake Frontage Updated Interior/Exterior Two Lakeside Decks 4 Beds 2 Bath $1,899,000 New Build For Early 2021 Nicholson Builders 1,723 Sq Ft Main Floor Double Attached Garage 4 Beds 3 Bath $719,000

If you or any of your friends and family are looking to buy or sell make sure to call us first! Referrals are the greatest compliment Check our website out by clicking the link below http://www.grandbendrealestate.com  Doug Pedlar      Mark Pedlar     Garrett Pedlar      Broker of Record                         Broker                        Sales Representative   519-902-4099    519-670-0746     519-872-0910  remaxdoug@hay.net           remaxmark@hay.net          remaxgarrett@hay.net